Jacobs Levy Equity Management Inc. Has $9.33 Million Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Jacobs Levy Equity Management Inc. grew its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 27.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 235,834 shares of the bank's stock after purchasing an additional 50,525 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.52% of Live Oak Bancshares worth $9,327,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LOB. Barclays PLC increased its holdings in Live Oak Bancshares by 130.5% during the third quarter. Barclays PLC now owns 73,577 shares of the bank's stock worth $3,485,000 after buying an additional 41,662 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Live Oak Bancshares by 195.3% in the third quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock valued at $3,888,000 after acquiring an additional 54,286 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Live Oak Bancshares by 61.8% in the 4th quarter. Park Avenue Securities LLC now owns 6,990 shares of the bank's stock valued at $276,000 after acquiring an additional 2,670 shares during the period. Inspire Investing LLC increased its stake in shares of Live Oak Bancshares by 16.7% during the 4th quarter. Inspire Investing LLC now owns 10,124 shares of the bank's stock worth $400,000 after purchasing an additional 1,452 shares during the last quarter. Finally, abrdn plc increased its stake in shares of Live Oak Bancshares by 10.0% during the 4th quarter. abrdn plc now owns 336,721 shares of the bank's stock worth $13,324,000 after purchasing an additional 30,597 shares during the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.

Wall Street Analysts Forecast Growth

LOB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating for the company in a report on Friday, April 25th. StockNews.com downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $42.25.

Live Oak Bancshares Trading Down 1.3%

Shares of NASDAQ:LOB traded down $0.38 during trading on Monday, reaching $27.97. 21,587 shares of the stock were exchanged, compared to its average volume of 240,252. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $50.57. The stock has a 50-day moving average price of $26.26 and a 200-day moving average price of $34.92. The firm has a market cap of $1.28 billion, a PE ratio of 19.27 and a beta of 1.84.

Insider Activity at Live Oak Bancshares

In other Live Oak Bancshares news, Director William Henderson Cameron purchased 5,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $25.92 per share, for a total transaction of $129,600.00. Following the completion of the transaction, the director now owns 11,904 shares in the company, valued at approximately $308,551.68. This represents a 72.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 23.40% of the stock is currently owned by corporate insiders.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.